The use of stable coins or no?

[XCANA]

Even though am not a fan of stablecoin, I still find them useful to the entire cryptocurrency communities if you know how to trade with them. I always switched to stablecoin when there is a dip on Bitcoin. Doing the conversion from bitcoin to stablecoin have helped me to save much from my loss and also, have helped me to save for the family too. The power of.my backup is in stablecoins and it help.

[dave111223]

I was never a supporter of stable corners. The idea is good, so as not to come out in fiat in difficult times, but I'm not sure that a stable corner, however solid it may be, can cope with a wave of buying or selling.... The stories about tether and bitfinex have even done a lot of damage to the image of crypto...

[Lmaooo]

We need stable coins because they are dollar equivalent in the market. Whenever the market starts going nuts the easiest way to move out is by moving your investments to stable coin to avoid losing money. Stable coins are like shock absorbers in the cryptocurrency market. Just find a better exchange with good trading volume anytime to want to sell your coins you can do it within seconds.   

[pelumi20]

I likewise concur with this, the more stable coins we have, the better. particularly when the wellspring of such stable coins is from a believed source like Binance. This is great we need progressively stable coins on the grounds that these coins likewise need some monstrous volume when a bull run comes.
At the point when the other stable coins are sold out around then, we can pick another. along these lines, essentially the more stable coins we have in the market the more we can limit the danger of holding unsellable coins as a result of the clog.

[Nany79]

I like stable coin and like to use it, but market without altcoins is useless, changes the price make profite, you can buy when price low and sell when price high, so we still need all other coins.

[Google+]

few stable coins have price movements so it is difficult to be able to get profits so I prefer not to use stable coins for trading, but if you are a new trader and want to do long-term traders then stable coins can be one of your choices.

[kooboat]

Stable coins have always been a good attention to cryptocurrencies. Am even glad that we have more than one stable coin to control any incidence of monopoly in terms of charges on various transactions. At least it really helps people who are not really into crypto trading and hence are easily affected by the high volatility of the crypto market.

[Yamifoud]

We aren't still realized the purpose of this creation. Basically, and what we've know about crypto is just an investment but supposedly it was not, it is a currency instead. Bitcoin and Ethereum had already a big role in the market but how about the others? Many coins died because they don't serve anything, they don't have a working product where investors and traders have to buy and used them.
For this market scalability, we could just expect that only stable coins will run in the market for a longer time and have sustainable market gains. And we feel sorry for those who did not.
 

[huu78]

Of course, the alternative was acceptable. Stable coins do not need to worry the price will drop in they remain stable like USDT.
Stable coins are also suitable for transactions in order not to be the anxious prices will drop, people use Fiat for transactions.

[sandra2010]

USDT is somehow stable, but the most important thing that the token increase but most of investors need to gain profits from it.

[arwin100]

few stable coins have price movements so it is difficult to be able to get profits so I prefer not to use stable coins for trading, but if you are a new trader and want to do long-term traders then stable coins can be one of your choices.

If you are into trading and seek profits for volatility then stable coins is not suitable for you since there's no price changes of it and it will only be good for those user who seeks an alternative currency which they wouldn't have to worry for them even if they left there coins for many days.

USDT is somehow stable, but the most important thing that the token increase but most of investors need to gain profits from it.

The one thing annoyed me for Tusd is huge withdrawal fee on binance and it's not good for me since I'm kinda conservative with fee's and profits that's why I prefer TUSD over usdt since TUSD got lower fee and much faster transaction.

[Eugenar]

We need stable coins because they are dollar equivalent in the market. Whenever the market starts going nuts the easiest way to move out is by moving your investments to stable coin to avoid losing money. Stable coins are like shock absorbers in the cryptocurrency market. Just find a better exchange with good trading volume anytime to want to sell your coins you can do it within seconds.   

These are what traders are doing, the purpose of why stable coins are being introduced in the market. But one thing for sure, these cryptocurrencies have their respective advantage over one another. In a sense that, they need each other for each trader to earn profit. One another example of it is the BNB coin and other cryptos that provides a discount on when used in trading. There are also those privacy tokens that are extremely untraceable. Going back to the topic, stable coins is also beneficial for donations or charities, as well as for businesses that want to utilize cryptocurrency in their projects.

[criket]

USDT is my choice now. in daily trading that I do USDT is very helpful. but not for the long term, because the USDT is so risky it suddenly disappears. don't know about LIBRA next year. because their developers say libra will be a stable crypto. maybe traded maybe not. it could be just to support several features on their platform.

[noninum]

Stablecoin is only used to maintain the value of your assets, not rising and not decreasing. People who invest with Stablecoin are those who no longer expect profits from their investments, so that their assets still survive without going up and down.

[LbtalkL]

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This is the purpose of stablecoins they are designed to minimize the volatility of the price, I don't think it will cause congestion when selling bitcoin into fiat. Often the conversion will happen on a platform or a crypto wallet. Conversion or selling from BTC to Fiat is most likely instant. Simultaneous withdrawal or sending of bitcoin will cause the network to be congested.

[Pearls Before Swine]

I mean, when can we use Stable coins as an alternative fiat.

Why would you want to?  Unless you live in a country like Venezuela that's having an economic crisis and need an alternative to your local currency, there's no need to use a stable coin in place of cash.  There isn't even a good reason to use bitcoin in my opinion, which functions better as an investment than money.

Stable coins generate a lot of discussion, but they aren't very exciting to me and I still haven't figured out what their real function is except as a stand in for fiat and even then only on exchanges where a trader doesn't want to hold actual cash there.  Is there really any other reason to hold a stable coin?

[SanZoldyck]

It is acceptable and I agree, but the coins / tokens are stable only slightly and I only know the usdc and usdt that I often use when bitcoin is falling in price

[bison]

It is acceptable and I agree, but the coins / tokens are stable only slightly and I only know the usdc and usdt that I often use when bitcoin is falling in price

I think that's enough, there are indeed a few more stable coins. but the most popular one I think is indeed USDT. and one more asset that has not even been launched on the market (LIBRA). This stable coin is widely discussed by people even though it has not yet been traded. I guess many people are curious and waiting for how this coin will fight in the market because some large platforms support this coin.

[barabarian1]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

yes i think it can be a good alternative. and I'm sure some crypto traders have done this. save profits from trading crypto to stable I think is a great way to save our profits. because stable coins do not have volatility so we can own or spend all profits from our crypto assets. we don't need to worry about the risk of impairment. and if we need fiat money we can also sell it easily.

[pgbit]

I don't think I fully understand your post, is it that you are worried that another bullrun would encourage owners of bitcoin to sell their coins and this would congest the bitcoin network so you are advicing people to keep stablecoin instead so that it would be easier to convert directly to bitcoin instead of converting from fiat? If that's the case, then you might as well tell people to leave their BTC in a centralised exchange so that when they are transacting it in the bullrun, it wouldn't have a direct impact on the blockchain, but then again we all know the dangers of leaving our funds in a centralised exchange, don't we?